Three-Unit Triplex with
New
For Sale
$1,250,000
50-54 Lyon Street, New Haven, CT 06511
Multi-Family For Sale, Units are Side-by-Side,Other, New Haven, CT
Property Size4,244 SF
Lot Size0.17 Acres
Price / SF$294.53
Days on Market5
Property Features for 50-54 Lyon Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RM2
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bedroom 1, Bedroom 4, Bedroom 6, Bathroom 3, Bedroom 3, Bedroom 2, Basement, Bathroom 2, Bedroom 5
Parking
5
Patio and Porch features
Deck
Exterior features
Deck,Garden Area,Kennel
Basement
Full, Partially Finished
Lot features
Level Lot
Elementary school
East Rock
High school
Wilbur Cross
Directions
Olive Street to Lyon Street (on the right side).
Subdivision
Wooster Square
Standard status
Active
Size
4,244 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2027
Tax Annual Amount
24147
Utilities
Sewer type
Public Sewer
Cooling system
Central Air, Window Unit(s)
Water source
Public
Amenities
washer/dryer
courtyard
dog run
Building Details
Year built
1830
Architectural style
Other
Buildings
2
Listing Agency:
Pearce Real Estate
(203) 776-1899
Listed By:
Wojtek Borowski
(203) 606-9898
Added: Oct 21
Changed: Oct 25
Last Checked: Oct 25 at 6:06AM
MLS# 24215546
Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 4,244-square-foot triplex on a 0.17-acre parcel comprises three side-by-side residences. The freestanding brick house has two bedrooms, one full bath, an eat-in kitchen, living and dining rooms, and a finished basement. The converted carriage house contains two more units: one with three bedrooms, two full baths, an open living, dining, and kitchen area, a den, and a private terrace; the other has an open living area, kitchen, bedroom, and full bath. Each residence has its own washer and dryer. The property dates to 1830 and has newer mechanicals and tankless water heaters. Central air serves two units, while the third has window units.
A courtyard offers off-street parking for up to five cars, with a separately fenced area configured as a dog run or secure play space. RM2 zoning, public water, and public sewer are also reported.
A courtyard offers off-street parking for up to five cars, with a separately fenced area configured as a dog run or secure play space. RM2 zoning, public water, and public sewer are also reported.
Key Highlights
- Three residences totaling 4,244 square feet on 0.17 acres
- RM2 zoning with public water and public sewer
- Brick house plus two residences in a converted carriage house
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,435
Cap Rate
5.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,428,700
$1.4M
Cap Rate 7%
$1,020,500
$1.0M
Cap Rate 9%
$793,722
$793.7K
Market Conditions
NOI Build-Up for 4,244 SF
Gross rent
$109.5K $25.80/SF
− Vacancy
−$7.4K −$1.75/SF
EGI
$102.0K $24.05/SF
− OpEx
−$30.6K −$7.21/SF
NOI
$71.4K $16.83/SF
Area
New Haven, CT
Vacancy
6.80%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,428,700
Cap Rate 7%
$1,020,500
Cap Rate 9%
$793,722
Alternative Uses
Best Use
Multifamily LT 5
$1.02M
$892.9K – $1.19M
NOI $71,435 @ 7.0% cap · market cap 5.71%
Second Best
Apartment 5plus
$949.6K
$830.9K – $1.11M
NOI $66,473 @ 7.0% cap · market cap 5.32%
Theoretical Best
Office A
$1.37M
$1.19M – $1.59M
NOI $95,563 @ 7.0% cap · market cap 7.65%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
3,842
Businesses Nearby
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Business Placement
Demographics for 06511, CT
55,879
Population
24,579
Households
2.3
Avg Household Size
29
Median Age
48%
College-Educated
91%
High-School Grad
5.8 sq mi
ZIP Area
9,634
Density / Sq Mi
$56,300
Median Household Income
$34,409
Median Earnings
$1,534
Median Rent
$313,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three distinct residences combine historic details with private outdoor space and a shared courtyard for off-street parking.
Where is this triplex located?
The property is located at 50-54 Lyon Street New Haven, CT.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Three residences totaling 4,244 square feet on 0.17 acres; RM2 zoning with public water and public sewer; Brick house plus two residences in a converted carriage house
